Shiba Inu is showing a small but interesting change that could become more important if it continues over the coming days. Fresh on chain data shows activity has returned to Shibarium after w
Shiba Inu is showing a small but interesting change that could become more important if it continues over the coming days. Fresh on chain data shows activity has returned to Shibarium after weeks of almost no decentralized exchange trading. The numbers remain small, although the sudden increase has raised an important question. Could this be an early sign that the SHIB price is preparing for a stronger move?
Another piece of the puzzle comes from the SHIB price chart. Recent price action points to a possible period of stabilization after months of weakness. That combination has created a setup worth watching closely.
TheCryptoBasic shared new data from DeFiLlama that reveals a sharp increase in decentralized exchange activity on Shibarium.
Shibarium’s DEX trading volume climbed 1,517%. Daily volume increased from only $17 on July 9 to $275 on July 10. ShibaSwap accounted for the entire $275 traded during that period.
The figure remains very small compared with larger blockchain ecosystems that process tens of millions of dollars through decentralized exchanges every day. Even so, the recent increase marks an improvement after an extended period of extremely weak activity.
Shibarium recorded no DEX trading volume from June 23 until the end of June. Activity returned at the beginning of July, although only $3 worth of trades took place. Daily volume later increased to $17 on July 9 before climbing to $275 the following day.
According to data from DeFiLlama, Shibarium’s DEX trading volume jumped 1,517%, rising from just $17 on July 9 to $275 on July 10. Notably, Shiba Inu’s native decentralized exchange, ShibaSwap, accounted for the entire $275 in trading volume.Although the figure remains…
— TheCryptoBasic (@thecryptobasic) July 11, 2026
Those numbers do not point to heavy network usage yet. They do show that liquidity has started returning to the Shibarium ecosystem after weeks of almost no activity.
That recovery could indicate that some market participants are beginning to look at the SHIB ecosystem again. Continued improvement in decentralized trading activity may also encourage additional users to explore Shibarium, especially if liquidity keeps improving over the next several weeks.
A look at the SHIB price chart reveals another interesting development.
The Shiba Inu price had traded inside a descending wedge channel since February 2024. Price action finally broke above that channel a few days ago. Since then, SHIB has moved sideways instead of falling back into another sharp decline.
Sideways movement after a breakout often points to stabilization. Buyers and sellers appear to be finding temporary balance. Fresh buying volume would still be needed before SHIB can attempt a stronger recovery, although the current structure looks healthier than the prolonged downtrend that came before it.
SHIB Price Chart / TradingView.com The next important level sits around $0.00000456. A successful move above that resistance could open the door for another advance toward roughly $0.0000051.
Buyers would then face another major challenge near $0.0000055. That resistance carries extra importance because the SHIB price has not traded above that area since the beginning of June.
Another successful breakout could allow Shiba Inu to revisit the February and May highs near $0.0000067. That would represent a much stronger recovery from current levels.
Read Also: Ethereum (ETH) Price Flashes Strongest Bottom Signal in Years: What Happens Next?
Bullish chart structures do not guarantee immediate upside, and several obstacles remain before SHIB can fully reverse its broader trend.
Failure to break above the nearby resistance levels would likely keep the SHIB price trapped inside its current range. Extended sideways movement could continue if buying volume remains limited.
Shibarium’s recent rise in DEX trading volume offers an encouraging signal, although sustained growth will matter much more than a single day’s increase. Market participants will likely watch both ecosystem activity and price action together over the coming weeks.
Shiba Inu is generally not considered a “good” or safe investment today. It is a highly speculative, sentiment-driven meme coin currently trading in a bearish trend. Because it lacks fundamental use cases compared to blue-chip tokens, you should only consider it if you have a very high risk tolerance
Will SHIB rise again?Shiba Inu (SHIB) may experience localized price recoveries, but analysts view a return to its 2021 all-time highs as highly unlikely due to its massive circulating supply. Short-term movements heavily track broader cryptocurrency trends and Bitcoin’s momentum, making it a high-risk, speculative asset.
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The post Shiba Inu DEX Volume Resumes Upward Climb: Could SHIB Price Follow Next? appeared first on CaptainAltcoin.
